Fortinet, Inc. provides broad, integrated, and automated cybersecurity solutions worldwide. It offers FortiGate hardware and software licenses that provide various security and networking functions, including firewall, intrusion prevention, anti-malware, virtual private network, application control, Web filtering, anti-spam, and wide area network acceleration; FortiSandbox technology that delivers proactive detection and mitigation services; and FortiSIEM family of software solutions, which offers a cloud-ready security information and event management solutions. The company also provides FortiSwitch product family that offers secure switching solutions for connecting customers end devices, such as computers and laptops, as well as an expanding field of Internet of things devices; FortiAnalyzer product family, which provides centralized network logging, analyzing, and reporting solutions; and FortiManager product family that provides central and scalable management solution for its FortiGate products, including software updates, configuration, policy settings, and security updates, as well as FortiAP product family, which provides secure wireless networking solutions. In addition, it provides security subscription, technical support, professional, and training services. The company sells its security solutions to channel partners; and directly to end-customers, including small and medium-sized businesses, large enterprises, and government organizations in a range of industries consisting of telecommunications, technology, government, financial services, education, retail, manufacturing, and healthcare. Fortinet, Inc. provides its products and services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company was founded in 2000 and is headquartered in Sunnyvale, California.

2.8 Community Rank

Outperform Votes

Underperform Votes

Community Sentiment

Fortinet has received 56.10% “outperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Fortinet and other stocks. Vote “Outperform” if you believe FTNT will outperform the S&P 500 over the long term. Vote “Underperform” if you believe FTNT will underperform the S&P 500 over the long term. You may vote once every thirty days.

0.0 Dividend Strength

1.0 Company Ownership

In the past three months, Fortinet insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $6,153,955.00 in company stock.

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Fortinet (NASDAQ:FTNT) Frequently Asked Questions

How has Fortinet's stock been impacted by COVID-19 (Coronavirus)?

Fortinet's stock was trading at $87.95 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, FTNT shares have increased by 59.7% and is now trading at $140.48. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Fortinet?

26 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Fortinet in the last year. There are currently 1 sell rating, 13 hold ratings and 12 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Fortinet.

When is Fortinet's next earnings date?

How were Fortinet's earnings last quarter?

Fortinet Inc (NASDAQ:FTNT) announced its earnings results on Wednesday, May, 6th. The software maker reported $0.60 EPS for the quarter, topping analysts' consensus estimates of $0.50 by $0.10. The software maker earned $576.90 million during the quarter, compared to analyst estimates of $554.22 million. Fortinet had a net margin of 16.44% and a return on equity of 32.91%. Fortinet's quarterly revenue was up 22.1% on a year-over-year basis. During the same period last year, the firm earned $0.46 earnings per share. View Fortinet's earnings history.

What guidance has Fortinet issued on next quarter's earnings?

Fortinet updated its second quarter earnings guidance on Wednesday, May, 6th. The company provided earnings per share (EPS) guidance of $0.64-0.66 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.59. The company issued revenue guidance of $590-605 million, compared to the consensus revenue estimate of $586.21 million.

What price target have analysts set for FTNT?

26 brokers have issued 12-month target prices for Fortinet's stock. Their forecasts range from $92.00 to $170.00. On average, they anticipate Fortinet's stock price to reach $122.48 in the next year. This suggests that the stock has a possible downside of 12.8%. View analysts' price targets for Fortinet.

What are Wall Street analysts saying about Fortinet stock?

Here are some recent quotes from research analysts about Fortinet stock:

1. According to Zacks Investment Research, "Fortinet is benefiting from solid growth in Fortinet Security Fabric, cloud and SD-WAN offerings. Moreover, continued deal wins, especially those of high value, are a key driver. Higher IT spending on cybersecurity is further expected to aid Fortinet to grow faster than the security market. Also, focus on enhancing its UTM portfolio through product development and acquisitions is a tailwind for Fortinet. Bullish guidance for the fourth quarter and the full year are expected to buoy investors’ confidence in the stock. Estimates have been stable lately ahead of Fortinet's Q4 earnings release. Shares have outperformed the industry in the past year. However, competition from numerous big and small players in the security application market poses a concern. Moreover, increasing consolidation in the security industry is intensifying competition." (1/21/2020)

2. Robert W. Baird analysts commented, "We maintain our Neutral rating and our price target of $100. Fortinet posted a strong quarter across the board, beating consensus in revenue, billings, and non- GAAP EPS. SD-WAN was highlighted as an area of particularly strong success during 2Q19, with management pointing to both large deals and an increased emphasis on a broader approach to infrastructure security. Overall, management appeared pleased with the continued growth, especially as driven by the company’s non-Fortigate product offerings." (8/2/2019)

Has Fortinet been receiving favorable news coverage?

News articles about FTNT stock have trended extremely negative on Sunday, according to InfoTrie. The research group ranks the sentiment of media coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Fortinet earned a news impact score of -5.0 on InfoTrie's scale. They also gave news headlines about the software maker a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an effect on the stock's share price in the near term. View the latest news aboutFortinet.

Are investors shorting Fortinet?

Fortinet saw a decrease in short interest during the month of April. As of April 30th, there was short interest totaling 5,500,000 shares, a decrease of 21.5% from the April 15th total of 7,010,000 shares. Based on an average daily trading volume, of 2,260,000 shares, the short-interest ratio is currently 2.4 days. Approximately 3.8% of the company's shares are sold short. View Fortinet's Current Options Chain.

Which institutional investors are selling Fortinet stock?

FTNT stock was sold by a variety of institutional investors in the last quarter, including Two Sigma Investments LP, Altshuler Shaham Ltd, Two Sigma Advisers LP, Nuveen Asset Management LLC, AQR Capital Management LLC, Schroder Investment Management Group, Clearbridge Investments LLC, and AXA. Company insiders that have sold Fortinet company stock in the last year include Christopher B Paisley, John Whittle, Keith Jensen, Ken Xie, and Michael Xie. View insider buying and selling activity for Fortinet.

How do I buy shares of Fortinet?

Shares of FTNT can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Fortinet's stock price today?

One share of FTNT stock can currently be purchased for approximately $140.48.

How big of a company is Fortinet?

Fortinet has a market capitalization of $22.71 billion and generates $2.16 billion in revenue each year. The software maker earns $326.50 million in net income (profit) each year or $1.91 on an earnings per share basis. Fortinet employs 7,082 workers across the globe.